WARREN BUFFET trashes BITCOIN
Warren Buffet is arguably the smartest and maybe the richest investor in the world.
He trashes Bitcoin saying it is not investing….it is speculation….. ie gambling.
He is saying a blow off top will wipe out Bitcoiners.
And from his worldly view he may be right.
Yet WB sells stocks, bonds, and other Wall Street manufactured “assets.”
Doesn’t WB know that stocks crash, real estate crashes, and US govt Bonds the “safest” investments in the world are at present being “dumped” by the Japanese and Chinese Central Bsnks?
I own gold mines, gold and silver coins for the same reason I own Bitcoin and Ethereum.
My reason is: I do not trust the Federal Reserve Bank, US Treasury, or Wall Street. Apparently Buffet does. I think they’re tight.
I invest in Bitcoin and Ethereum knowing they can boom and bust, because the Fed, the US Treasury, nor Buffet can produce Bitcoin or crypto.
If you have followed my “Tweets” I classify real gold and silver as “God’s Money”
I classify Bitvoin, Ethereum and crypto as “People’s Money”
I classify Fed, US Government, and Wall Street money as “Fake Money.”
I own real gold , silver, and Bitcoin… I will never invest in gold, silver, or Bitcoin ETFs…. Fake gold, silver, and Bitcoin…. Wall Street or Buffer’s money.
You can if you want. I prefer “real”
or “people’s money.”
I trust “Block Chain” more than Big 8 CPA firm…or any accounting firm auditing Walk Street money.
Neither do I invest in fake, paper real estate, call REITS.
ETFs and REITS are along with stocks, bonds, mutual funds….printed money….aka “counterfeit money.”
I do not live in a paper house or put paper gas in my car or eat paper apples.
Why would I invest in paper assets when real assets are available?
The reason why most people invest in fake assets is because our Marxist school systems do not teach financial education, which is why I created the Cashfliw Boardgame, wrote Rich Dad poor Dad and founded the Rich Dad Company 25 years ago
Q: WHY DO INVEST?
A: As stated earlier. I do not trust the FED…..which is not federal nor a bank nor does the Fed have reserves.
I do not trust the US Treadury to spend tax dollars wisely….. most of our tax dollars go for war or welfare programs…. Which is why the US is now the biggest debtor nation in history….and will soon be forced to print trillions in US Treasuries….which Buffet and Wall Street LOVE because it makes them richer but the average person poorer, due to inflation and taxation.
I invest because I am not stupid…. although I was a failure in High
School… because according to my English teachers….i could not write… although today I am known as an international best selling author for over 25-years.
You do not need an MBA from a Marxist institution of higher learning to know:
1: The Goverment cannot keep printing money to pay its bills….
just as you or I cannot use our credit card to pay for what we cannot afford.
2: There will be only 21 million Bitcoins,
Fake Government money is unlimited….infinite.
That means Bitcoin increases in value as the US dollar goes down in purchasing power.
That is why 25-years ago, in Rich Dad Poor Dad, I was attacked for saying “Savers are Losers.”
You do not need to be a graduate of Harvard or Yale to know that saving fake “infinitly printed” money is stupid.
Take care.
CRASH COMING: Why I am buying not selling.
My target price for Gold is $27k. I got this price from friend Jim Rickards….and I own two goldmines.
I began buying gold in 1971….the year Nixon took gold from the US Dollar.
Nixon violated Greshams Law, which states “When fake money enters the system….real money goes into hiding.”
My target price for Bitcoin is $250 k in 2026.
Silver $100 in 2026. I own silver mines and I know new silver is scarce.
Ethereum $60. I got this from Tom Lee. Ethereum is block chain for Stable coins. This means Ethereum follows METCALFS law…. The law of NET WORKS.
LESSON: I follow the laws of money, Gresham and Metcalf’s laws.
Unfortunately the US Treasury and Fed break the laws. They print fake money to pay their bills. If you and I did what the Fed and Treasury are doing…. We would be in jail for breaking the laws.
Today the USA is the biggest debtor nation in history and why I have been warning “Savers are losers.”
That is why I keep buying gold, silver, Bitcoin, and Ethereum even when they crash.
Take care. Massive riches ahead.
Ok so we launched $KITKAT and the wallet bought $2k USD or 26% of supply
It’s grown out of control reaching $9m USD
To reward the community the official $KITKAT will do a MAJOR airdrop / giveaway with the 26% TONIGHT
OFFICIAL CA: D11iMRogRadcfu3PSY3xbdc8RWRwq5HVXpxm8s2epump
Going to NEW holders and also current holders will receive the airdrop. RT for eligibility
That’s how it’s done:
Power to the community 🔥
With today’s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP sits at the center of everything Ripple does. Lock in.